Before you came to my site, you likely thought that "tons of unusually high selling" is bad. However, history shows that when investors/traders get the most emotional, they're also generally "the most wrong", even though they "feel" so strongly and compelled to sell. Yet, most of the time, some of the largest % gains come right after those periods. Encana (ECA) is a great example of this.
Do I have my wave counts right?
Yes, I believe so.